Palo Alto Networks stock rallies more than 5% following another beat-and-raise quarter amid macro slowdown

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Palo Alto Networks stock rallies more than 5% following another beat-and-raise quarter amid macro slowdown
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Palo Alto Networks Inc. shares rallied in the extended session Tuesday after the cybersecurity company reported another beat-and-raise quarter.

Palo Alto Networks Inc. shares rallied in the extended session Tuesday after the cybersecurity company reported another beat-and-raise quarter amid what is considered to be a tough time for enterprise software vendors.

Palo Alto Networks PANW shares gained more than 5% after hours, following a 1.4% decline in the regular session to close at $166.89. Analysts surveyed by FactSet had forecast 78 cents a share on revenue of $1.65 billion and billings of $1.97 billion.

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